Corporate Strategies for Business Groups in Emerging Markets
Posted: 24 Aug 1999
Date Written: Undated
We present a framework, motivated by clinical research and large-sample statistical analysis, for understanding how corporate strategy depends upon institutional context. Since institutional context varies extensively across different countries, we expect that appropriate corporate strategy ought to do so as well. We argue that the diversified business groups that dominate the private sectors of most of the world's economies, including emerging markets like India, can add value by performing the functions of several institutions like quality control organizations, venture capital firms, and management development institutes, that one normally associates with advanced economies, but that are often missing in emerging economies.
JEL Classification: L1
Suggested Citation: Suggested Citation